Seagate Technology (STX) Tops Q3 EPS by 9c

Seagate Technology (NASDAQ: STX) reported Q3 EPS of $1.34, $0.09 better than the analyst estimate of $1.25. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.42 billion.

“Seagate’s March quarter results reflect ongoing effective execution in a dynamic market environment,” said Steve Luczo, Seagate’s chairman and chief executive officer. “We are positioning the Company to lead in the evolving storage ecosystem by leveraging and investing in our market-leading product portfolio to enable shifts in the storage landscape in hyperscale, performance and mobility. In addition, we are maintaining our focus on operational discipline through conservative demand forecasting and supply management.”

For earnings history and earnings-related data on Seagate Technology (STX) click here.

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